U.S. Treasury Secretary Scott Bessent announced that the Trump administration is focusing on keeping Treasury yields low rather than relying on the Federal Reserve’s actions. In a recent interview, he emphasized that the administration is targeting the 10-year Treasury yield, which is crucial for various loans and mortgages. Bessent stated that instead of pressuring the ...
Scott Bessent, a hedge fund manager and economic advisor to President-elect Donald Trump, is nominated to be the Secretary of the Treasury. During his confirmation hearing on January 16, 2025, Bessent addressed key issues like Trump’s proposed tax cuts and their potential impact on the economy. He emphasized the importance of renewing these tax cuts ...
Scott Bessent, a hedge fund manager, recently testified before the Senate Finance Committee as part of his nomination for Secretary of the Treasury. If confirmed, he would be the first openly gay Cabinet official in a Republican administration. Bessent discussed the importance of tax cuts proposed by President Trump, stating that failing to implement these ...
Scott Bessent, nominated for Treasury Secretary, expressed openness to eliminating the debt ceiling, a view shared by Donald Trump and some lawmakers. He emphasized that this change wouldn’t authorize new government spending. Bessent also argued against a U.S. central bank digital currency, stating the need for such a currency arises in countries lacking investment options. ...
